PROFIT & LOSS

PROFIT & LOSS

Selling Price:
• It is the price at which a product is sold. It is abbreviated as S.P.

Profit or gain:
• If the SP of a product is more than the CP, there will be profit to the trader.
Profit or Gain = S.P. - C.P

Loss:
• If the SP of a product is less than the CP, the seller will incur a loss.
Loss = C.P. - S.P
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Q1. The CP of an article is Rs. 7840. What should
be the SP of the article so that there is a profit of
15%?
a) Rs. 9610
b) Rs. 9016
c) Rs. 9160
d) None of the above
Q2. By selling an article for Rs. 180, a man gains
Rs.30. The gain percent is

a) 10
b) 20
c) 30
d) None of the above
Q3. A trader sells an article and loses 12.5%. The
ratio of CP to SP is

a) 7:8
b) 9:8
c) 8:9
d) None of the above
Q4. A trader charges a customer 25% more than the CP.
If the a customer paid RS. 25000, what was the Original
Price?
a) 20050
b) 20500
c) 20000
d) None of the above
Q5. If SP is doubled, the profit triples. The profit percent

a) 66.66
b) 100
c) 120
d) None of the above
Q6. If SP of an article is 4/3 of CP, the profit
percent is

a) 16.66
b) 20.5
c) 33.33
d) None of the above
Q7. The profit earned by selling an article for
Rs.2500 is the same as the loss incurred after selling
the article for Rs. 1500. What is the CP of the article?

a) 2000
b) 1500
c) 2550
d) None of the above
Q8. If CP of 10 articles is equal to SP of 7 articles, then
the gain or loss percent is

a) 35 % loss
b) 42 6/ 7 % loss
c) 42 6/7 % gain
d) None of the above
Q9. On selling 12 pens at Rs720, there is a loss equal to
the CP of 5 pens. The CP of a pen is

a) 45
b) 50
c) 55
d) 60
Q10. Nikita bought 30 kg wheat at Rs 8.9 per kg and 40 kg at Rs
9.9 per kg. She sold the whole stock at Rs. 9.5 per kg. Find her
profit/loss percent.
Q11. CP of 19 articles is Rs.625. By selling these articles, a trader
incurred a loss equal to SP of 6 articles. Find the SP of each article.
Q12.
A trader sells 1/3 rd of stock at 14% profit, 3/5 th of the stock at
17.5% profit and the rest at 20% profit. Her overall profit percent
is
 MARKED PRICE (MP)
Marked Price or List Price (MP or LP) :
• Marked price is the price that is marked on the product or that is quoted in the price
list. It is the price at which the product is quoted or intended to be sold.

• However, the seller can decide to give discounts to the buyer and the actual selling
price might be different from the marked price. Given that there is no discount, the
marked price is the same as the selling price.

• The amount of discount given will always be calculated on the marked price
•Discount = Marked Price – Selling Price
•And Discount Percentage = (Discount/Marked price) x 100
Q13. An umbrella marked at Rs.80 is sold for Rs.68.
The rate of discount is

a) 15%
b) 17%
c) 18.5%
d) 20%
Q14. A man buys a Product at 20% discount and
sells it at 25% higher than its List price. His gain
percent is
a) 56%
b) 56.5%
c) 56.25%
d) None of the above
Q15. A pair of articles was bought for Rs. 37.40 at a
discount of 15%. What must be the MP of each of
the articles?
a) 11
b) 22
c) 33
d) 44
Q16. A trader marks his goods 30% above the CP. If he
allows a discount of 10%, then his gain or loss percent is
__
a) 11
b) 12
c) 17
d) None of these
Q17. A trader fixes the MP of a product 35% above its CP.
The percentage of discount allowed to gain 8% is ___
 PROFIT & LOSS
If a trader professes to sell his goods at CP, but uses a false weight,
then Gain % is
 PROFIT & LOSS
If a trader professes to sell his goods at a profit of x % but uses a false weight which is y %
less than the actual weight, then the Gain is
 PROFIT & LOSS
If a trader professes to sell his goods at a loss of x % but uses a false weight which is y %
less than the actual weight, then the Gain is
Q18. A trader professes to sell goods at CP but
uses a false weight of 950 grams instead of 1 Kg.
The profit % is
a) 5 5/19%
b) 5 1/19%
c) 5%
d) 4 5/19%
Q19. A dishonest trader marks his goods 20% above the CP and
gives 10% discount. At the time of selling he uses 900gm instead
of 1kg. Find his profit percent.
 PROFIT & LOSS
If a trader sells two similar items, one at x % profit and other at x % loss, then the seller
always incurs a loss of
Q20. A trader sells two watches for Rs.308 each. On one
he gets 10% profit and on the other 10% loss. His
profit/loss % is
a) 1 % loss
b) 1 % gain
c) 5% loss
d) Neither Profit nor loss
 PROFIT & LOSS
When there are two successful profits, say m% and n%, then the net percentage profit
equals to
[m + n+(m.n/100)]

When the profit is m%, and loss is n%, then the net % profit or loss will be

[m - n- (m.n/100)]
SUCCESSIVE DISCOUNT
Q21. A trader first increases the price of a product by 10% and later gives
a discount of 20%. The actual discount given by him is?
Q22. A Wholesaler offers a 20% rebate on the MP of a
product. The retailer offers another 30% discount on the
product. The single equivalent discount is

a) 40%
b) 44%
c) 46%
d) 50%
PROFIT & LOSS
• SUCCESSIVE DISCOUNT
• REPEATED SALE
Q23. A sells an article at 10% loss to B. B then sells it to C at 15%
profit. C then sells it to D at 20% profit. If the Original CP is 1000,
at what price did D buy it?
Q24. A sells an article at 10% loss to B. B then sells it to C at 15%
profit. C then sells it to D at 20% profit. If D pays Rs.1000, then at
what price did A buy it?